The population of Terrell Hills is very affluent compared to others in Texas with a median income of $93,962 per household. It's also considered a very expensive city in terms of affordability with a cost of living adjustment score of 123.7. Terrell Hills is made up of homes that are considered older than most with a median of 56 years.
The median value of homes in Terrell Hills is $307,300, making it one of the most valuable areas in Texas. At the same time, the average list price of available homes is presently $727,673. The Terrell Hills market reported positive news in this week's report, as the number of home sales rose 25.0%, pushing the total to five homes sold over the last 30 days.
Make sure you take a look at these eye-catching homes in Terrell Hills that generated the most views from potential buyers:
The typical dwelling in Terrell Hills is a four-bedroom detached home worth about $747,795. To purchase a similar home, a buyer with good credit and a $149,559 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,849 monthly payment. The property tax rate is $19.31 per $1,000 of taxable assessed value.